Viewpoints

State labor markets had mixed results in November, with some weak results offsetting a number of strong showings. Somewhat surprisingly, in light of the strong national results, only 6 states reported statistically significant gains [...]

The patter of state personal income growth in the third quarter of 2019 was heavily affected by large gains in farm income. Aggregate income in the Great Plains state grew quite rapidly that quarter, with Iowa, Nebraska, and the two [...]

On December 12 BEA released comprehensive data on GDP by county (as well as metropolitan areas) for the years 2001 to 2018. The emphasis in the release was on the real growth estimates for 2018. While the interest in such figures is [...]

Inequality has been used to describe the widening gap between household income and wealth. Yet, is it also appropriate to use "inequality" as a way to describe the growing and unexplained gap between the earnings of S&P 500 companies [...]

Financialization has become a new feature and risk of monetary policy as decisions on policy rates and the balance sheet operate mainly through the portfolio channel. At the center of financialization are actual and perceived changes [...]

The Philadelphia Federal Reserve Bank's estimates of state coincident activity for October show some signs of increasing divergence in activity, with perhaps some more indications of weakness. Over the last 12 months, 30 states report [...]

Reflecting the relatively muted national increase, in general, states saw little change in payroll employment in October. Only 4 states (Texas, Maryland, Utah, and Nebraska) reported statistically significant gains. Michigan reported [...]

Policymakers have become enmeshed in the "politics of their numbers" and mistakenly see an inflation shortfall when in reality it's a policy problem. Monetary decisions nowadays are based on a single price gauge that is not fully [...]